MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently take advantage of a 20p however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall currently make cash from used cooking oil".
He added: "In order to be able to get this kind of market going it does require just a bit of lift which comes in the type of tax foregone."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Myron Winning edited this page 2025-01-11 23:41:37 +08:00